Finding your Competitors
Price Monitoring software require you to submit the websites that you wish to monitor, following which it does all the required work. The first step, however, is to find out who exactly is your competition. This will determine the strategies that you’ll need to work on. One can do so with the use of social media by making a list or pool of every potential firm or company that might come close to your company’s revenue and profit, and rule them out one by one. This depends on your product as well as the level of competition.
You need to determine how you would be pricing your own goods – i.e., either your focus will be on the market as a whole, or individual customers. It is essential to mix and match them all in … Read the rest